One thing you can try is increasing the memory for the Android Studio process if your system has limited it.

Here is another thing that you should try out.

Open the Android Studio setting, try increasing the memory, and retry building the app. If the problem persists, see the video below and try the steps.

Go to gradle.properties, look for "org.gradle.jvmargs" and update the value. See the Example below. Previously it was

org.gradle.jvmargs=-Xmx2048m -Dfile.encoding=UTF-8

Change 2048 to 4096 or greater like below. It will be good if the number is multiple of 1024.

org.gradle.jvmargs=-Xmx4096m -Dfile.encoding=UTF-8

Now this should solve the issue. Watch the video for more. Thanks for reading this blog.